The Fund Grade · free · no account needed
What grade does VMGRX get?
Morningstar rates funds on what they returned. We grade them on where their money sits today: how much of the book overlaps with the converged buys of the top specialist stock pickers.
Fundprints Fund Grade · as of 2026-10-01
Vanguard Mid-Cap Growth Fund
#165 of 500 graded active funds · growth · mid segment peer group
The point · specialist footprint
VMGRX puts less of its book behind proven specialists than 74% of graded funds.
Bottom 20%
● Bottom 40%
Middle
Top 40%
Top 20%
That has mattered: over the past 2.7 years, funds with this little specialist backing trailed top-rung funds by about 3.8% per quarter and beat the S&P in only 22% of fund-quarters. If it also charges an active fee, the higher-graded alternatives deserve a look.
10,000+ funds tracked · the graded specialists among them drive every read
You pay 0.33% a year for a B.
The grade scores this fund's specialist share, the slice that overlaps what the top 1% of proven funds are building. We ignore index ballast and names outside our edge on purpose: that slice is small, and it's what decides the outcome.
VMGRX vs the Honor Roll · share card ↗Conviction exposure
8.8%
of the book in specialist-converged names
Late-stage weight
25.6%
of the book in Crowded or Fading names
Active share
96.7%
how far it strays from the index
The best grades have beaten the worst by about +5% a year since we began grading. The gap held in 9 out of 10 months. Measured on filings as they were published, no hindsight.
Inside the book: top names by stage · as of 2026-10-20
We email you the day it crosses 50% crowded, and where you stand every month.
Graded monthly from point-in-time filings. A description of where the money sits, not a recommendation. Evidence, not advice.
The read · what to do with it
VMGRX earns a B grade and ranks 165 of 500, with a low 0.33% fee that holds up well for an actively managed mid-cap growth fund. Specialist backing is modest at 8.8%, and about a quarter of the portfolio sits in late-stage or fading positions. The most striking thing is that five holdings including HWM, CPNG, TKO, UBER, and WH are all Fading, meaning specialists are actively walking away from them.
→ Watch the five Fading positions, HWM, CPNG, TKO, UBER, and WH, which together represent over 12% of the fund.
→ Note early-stage positioning in PANW and CVNA as the clearest evidence of where the fund is genuinely ahead of consensus.
Support leaving these positions
Read from today's disclosed book. Evidence, not advice.